Yes it’s a very risky stock.
One can’t allocate much capital in it.
I have a position but that’s a small percentage to portfolio, it’s a risky bet.
I have seen these episodes in yes Bank just before it went down and retail start buying that like nuts.
Directors resigning and simultaneously promoters selling and retail absorbing the sell off.
These resignations don’t bother me as much as them clubbing with Malvika offloading in open market in month of Feb or March itself.
Reminds me of a pattern to yes Bank, just before it went down.
On the contrary , there is an argument , that numbers q0q are improving , they are showing signs or revival in BS by debt reduction and non core asset sale.
PNL is turning corner gradually.
It is a hard guess, which one to prioritise , the actions that are brewing within the company in terms of board resignations , promoter sale.
Or their PNL and BS.
It’s a wild guess at this point in time.
| Subscribe To Our Free Newsletter |
